Bernie Ecclestone last week offered a robust counter-attack against Ferrari president Luca di Montezemolo on the issue of F1 financing.
Ecclestone pointed out that the Maranello squad was the last team who ought to be complaining, bearing in mind that they 
get a special extra slice of the F1 commercial rights cake before the remaining 45 per cent is split up amongst the competing teams.
Bernie and CVC Capital Partners, in their role as the sport's commercial rights holder, keep the rest.
It's been said many times before that the way in which Bernie seized the initiative when it came to shaping the sport's finances three decades ago remains the most remarkably accomplished commercial hijack ever.
Visionary that he is, Bernie could see the commercial possibilities of the F1 business. Then, in his role as president of the Formula One constructors' association and owner of the Brabham team, he sold the other team principals on the deal that made them all supremely rich. And Bernie richer still.
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Iand666
re: Bernie blasts Ferrari
Oh, come on! I think Andy Warhol's bastard sibling will need every penny he can to finance his next Amazonian bride.
touchwood
re: Bernie blasts Ferrari
ThwartedEfforts- "Ecclestone is looking more and more like John Pertwee's older sister."
A bit unfair to John Pertwee's sister, I feel.
One of my wishes before I leave this world is to see Bernie Ecclestone consigned to the pages of history. And his number one yes man, Max Mosley.
As to how did Bernie get the control he has - I don't know but I do know that a lot of the BRDC were against him, and this may go some way to explaining his attitude to Silverstone
Peter Cavellini
re: Bernie blasts Ferrari
The only way this sport as its called will be run without confrontation is to make sure the governing body has no financial contacts with the sport ,there should'nt be people running the sport and making billions out of it, when joe public hears of these massive profits for individuals they're going to get very angry indeed.F1 teams are going ti need financial support in the next two years and this money should come out of the seriously rich people who run it, i mean Honda is out and judging by todays news Toyota might follow too, whose next?it could be BMW and if they go its only a matter of time that Ferrari go because it would be deemed a one horse race by the media.No, F1, Bernie Ecclestone and all involved need to think long and hard if they want THEY'RE sport to survive...over to you Bernie !
Peter Cavellini.
The Colonel
re: Bernie blasts Ferrari
"The (Premier League) clubs share the income after the sport's running costs are paid"
So, how are the Premier League's need for running costs different to FOA's?
P1MUY
re: Bernie blasts Ferrari
This info re Ferrai's extra cash surprised me. I thought that Ecclestone was letting a cat out of the bag. But from the lack of response all round, I take it that the other teams knew about Ferrari's extra $80m. Is this correct?
BTW - Ecclestone's stranglehold on F1 monies and his control over F! never ceases to sicken me.
Casanova
re: Bernie blasts Ferrari
Well OK, even if it is 23%, its still obscene.
Imagine if one despot creamed off 23% of all the income from the Premier League - it could never happen. The clubs share the income after the sport's running costs are paid, and are thus very rich, leading to a successful and high quality sport. (Whilst I am not a football fan, it is relevant to observe the success of English clubs in Europe and to compare the financial model with F1).
The billions Bernie has made from the advantageous position he manoevered himself into back in the 70s are surely enough. With no current Concorde Agreement in place, Bernie has lost the biggest stick he can wave at the teams, giving them a much better bargaining position. Its time for a fairer F1.
ThwartedEfforts
re: Bernie blasts Ferrari
Ecclestone is looking more and more like John Pertwee's older sister. If I had to watch as much F1 as he must have to, I'd look like a sour faced old harridan too.
The Colonel
re: Bernie blasts Ferrari
No. Ferrari's "special extra slice" takes the team's share up to around 47%. A further 30% goes to the FIA. That leaves 23%.
Do the Formula One Group of companies operate from a garden shed occupied soley by one Mr B Ecclestone Esq? Unlikely. It costs money to run a company, especially one that operates almost continuously and globally, so it is unlikely that he, personally, trousers the entire remaining 23%.
Of course there are other income streams beyond the tranches dished out by FOA and I'm sure Ecclestone is very well remunerated for his position at the head of the company, but I do not see why that should make him the target of so much ire, especially among these pages (forum/blogs, not Autocar).
On the extra money for Ferrari, as I understand it, this comes about due to their historical association with F1 (motorsport generally) and the percieved draw this brings to the sport. I would suggest it is about time that Mclaren be included in that, and possibly Williams too.
Casanova
re: Bernie blasts Ferrari
Well, if the teams share 45% (and I didn't realise until reading this that Ferrari had a larger share), then that leaves 55% which presumably is all Bernie's?
scrap
re: Bernie blasts Ferrari
What's his slice of pie once his divorce goes through? Do you not think this is influencing his current decision-making?
Or are Bernie's personal affairs (despite the obvious financial implications) not to be discussed on autocar? It certainly seems that way.
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